https://www.guptachandanassociates.com/issuance-of-ncds-to-a-selected-group-via-private-placement-couldnt-be-termed-as-deposits-u-s-22-of-tnpid-act-hc/
Issuance of NCDs to a selected group via private placement couldn’t be termed as deposits u/s 2(2) of TNPID Act: HC